Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,800 | 14,255 | 14,726 | 15,212 | 15,714 | 16,232 | 16,768 | 17,321 | 17,893 | 18,483 | 19,093 | 19,723 | 20,374 | 21,047 | 21,741 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | 7,591 | |
Estimated Annual Property Taxes | 1,191 | 1,227 | 1,264 | 1,301 | 1,340 | 1,381 | 1,422 | 1,465 | 1,509 | 1,554 | 1,601 | 1,649 | 1,698 | 1,749 | 1,801 | |
Estimated Annual Homeowners Insurance | 672 | 692 | 713 | 734 | 756 | 779 | 802 | 826 | 851 | 877 | 903 | 930 | 958 | 987 | 1,016 | |
Annual Property Mgmt Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Total Expenses (Recurring) | 9,454 | 9,510 | 9,568 | 9,627 | 9,688 | 9,751 | 9,816 | 9,883 | 9,951 | 10,022 | 10,095 | 10,170 | 10,247 | 10,327 | 10,409 | |
Annual Cash Flows | 4,346 | 4,745 | 5,158 | 5,585 | 6,026 | 6,481 | 6,952 | 7,439 | 7,942 | 8,461 | 8,998 | 9,553 | 10,127 | 10,720 | 11,332 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 110 | 570 | 589 | 608 | 629 | 649 | 671 | 693 | 716 | 739 | 764 | 789 | 815 | 842 | 870 | |
Maintenance & Repairs | 0 | 1,069 | 1,104 | 1,141 | 1,179 | 1,217 | 1,258 | 1,299 | 1,342 | 1,386 | 1,432 | 1,479 | 1,528 | 1,578 | 1,631 | |
Tenant Placement Credit | -575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 575 | 200 | 200 | 634 | 200 | 200 | 200 | 722 | 200 | 200 | 200 | 822 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 110 | 1,839 | 1,893 | 2,383 | 2,007 | 2,067 | 2,128 | 2,714 | 2,258 | 2,326 | 2,396 | 3,090 | 2,543 | 2,620 | 2,700 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,800 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,800 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,235 | 2,906 | 3,265 | 3,202 | 4,019 | 4,415 | 4,824 | 4,725 | 5,684 | 6,136 | 6,603 | 6,463 | 7,584 | 8,099 | 8,632 | |
Tax Savings | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | -14,454 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,203 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 177,539 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,274 | |
Total Capital In/Out | -34,516 | 4,455 | 4,813 | 4,750 | 5,567 | 5,963 | 6,373 | 6,274 | 7,233 | 7,684 | 8,151 | 8,012 | 9,132 | 9,648 | 202,446 | |
Total Return On Investment (IRR) | 22.85% |